The Club Auto Parts company has just recently been organized. It is expected to experience no growth for the next 2 years as it identifies its markets and acquires inventory. However, Club will grow at an annual rate of 5% in the third year and beginning with the fourth year should attain a 10% growth rate which it will sustain thereafter. The first dividend (d1) to be paid at the end of the first year is expected to be $.50 per share. Investors require a 15% rate of return on clubs stock. What will club's stock price be at the end of the first year?a. $5.00b. $8.76c. $9.56d. $12.43e. $15.00

During the first month of operations, martinson services, inc., completed the following transactions: jan 2 martinson services received $65,000 cash and issued common stock to the stockholders. 3 purchased supplies, $1,000, and equipment, $12,000, on account. 4 performed services for a customer and received cash, $5,500. 7 paid cash to acquire land, $39,000. 11 performed services for a customer and billed the customer, $4,100. martinson expects to collect within one month 16 paid for the equipment purchased january 3 on account. 17 paid for newspaper advertising, $600. 18 received partial payment from customer on account, $2,000. 22 paid the water and electricity bills, $430. 29 received $2,600 cash for servicing the heating unit of a customer. 31 paid employee salary, $2,900. 31 declared and paid dividends of $1,800. requirements 1. record each transaction in the journal. key each transaction by date. explanations are not required. 2. post the transactions to the t-accounts, using transaction dates as posting references. label the ending balance of each account bal, as shown in the chapter. 3. prepare the trial balance of martinson services, inc., at january 31 of the current year. 4. mark martinson, the manager, asks you how much in total resources the business has to work with, how much it owes, and whether january was profitable (and by how much)?

According to this excerpt, a key part of our national security strategy is

%of the world's population controls approximately % of the world's finances (the sum of gross domestic products)" quizlket